Multiple Channel Timers


I was wondering, why do some MCUs have multiple timers, each with multiple channels? What is the benefit/application example?

The following is the only application based use I can think of. Feel free to tell me whether I'm thinking of it incorrectly.

Say you have Timer 1 with 4 channels.
If I were to set Timer1 with a specific period (to control a PWM), would I then be able to output 4 of the same PWM signals since there are 4 channels?


Because that is how they have been designed by the manufacturer!

When people ask "why is the sky blue", do you answer "because it is"?

Maybe I wasn't clear, but I was hoping for more of a "benefit of multiple timers/channels", more so than "because it is".